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Glossary   >   L   >   "Lender of last resort" Definition            Lender of last resort A prime function of a country"s central bank. In the USA the lender of last resort is the Federal Reserve Bank. In the UK the Bank of England provides this role. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Lender of last resort - A prime function of a country"s central bank. In the USA the lender of last resort is the Federal Reserve Bank. In the UK the Bank of England provides this role.